The Dow and S&P 500 closed at all-time highs on Monday, with both surpassing key levels as the trading day ended for the first time.
Stock futures are near flat Monday night as Wall Street continued analyzing which sectors to pour money into amid a postelection rally that's sent equities to record levels.
Futures tied to the Dow Jones Industrial Average lost 37 points, or 0.1%. S&P 500 and Nasdaq 100 futures each also ticked down about 0.1% each.first timeinched higher in the session, finishing at an all-time closing high for its fourth day in a row. Meanwhile, the small cap-focused "The market is looking at the presidential election and whatever policies they think are going to be put in place," said Larry Tentarelli, founder of the Blue Chip Daily Trend Report."It's a lot of what we saw back in 2016 when Trump won the election the first time."
Investors will watch Tuesday for economic data on small businesses due in the morning. They'll also monitor commentary from Federal Reserve officials including Fed Governor Christopher Waller and Minneapolis Fed President Neel Kashkari scheduled throughout the day.Market participants will then turn attention to consumer and producer price index readings scheduled for later in the week.
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